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To whoever answers this question can you do it on paper step by step? I need...

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To whoever answers this question can you do it on paper step bystep? I need a better understanding on how to solve thisproblem.
The following equation is the sample regression line and numbers inthe parentheses are the standard errors for coefficients.
?? = 5.40 + 3.74 ? X ,? 2 = 0.26, ??? = 6.2
(3.1) (2.0)

(a) Interpret the meaning of ?0 and ?1.
(b)Construct the Z statistics to calculate the P-value to test the?0: ?1 = 1 vs. ?1 ? 1 at the 5% level? Can we reject the nullhypothesis?
(c) Construct a 90% confidence interval for ?1.

Answer & Explanation Solved by verified expert
4.3 Ratings (834 Votes)
Solutiona The slope coefficient is 374which is interpreted as for every additional increase in X the    See Answer
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Transcribed Image Text

To whoever answers this question can you do it on paper step bystep? I need a better understanding on how to solve thisproblem.The following equation is the sample regression line and numbers inthe parentheses are the standard errors for coefficients.?? = 5.40 + 3.74 ? X ,? 2 = 0.26, ??? = 6.2(3.1) (2.0)(a) Interpret the meaning of ?0 and ?1.(b)Construct the Z statistics to calculate the P-value to test the?0: ?1 = 1 vs. ?1 ? 1 at the 5% level? Can we reject the nullhypothesis?(c) Construct a 90% confidence interval for ?1.

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